Not everyone is thrilled with the Federal Reserve's loose purse strings over the past few years. With the economy now on the mend, many had hoped the massive spending sprees would finally start to wind down.
But that might not be the case. At least not yet.
Back at its September meeting, the Fed's policy making committee announced plans to launch QE3 -- a massive bond-buying program with an indefinite conclusion. As MOREKaren McGowan - Nov 14, 2012 3:53 PM ET
In a report on its 12 regional districts known as the "Beige Book," the Federal Reserve said that "overall economic activity expanded at a moderate pace." That's not particularly great news. The "moderate pace" thing is the same line we've been hearing for months now.
"Moderate" is actually one of the better scenarios in recent Fed parlance. Economic improvements have been a mixed bag of "moderates," "modests," and "steadys" for some MOREKaren McGowan - Jun 6, 2012 4:39 PM ET
We're officially here.
CNNMoney's economy team has been stealthily posting to our new blog for about a week now. But as of today we'll be pushing it out into cyberspace.
But we're nameless. Right now we're the economy blog. But we need a name that represents who we are. And we're still learning our way. But we plan to post about – you guessed it – economics, and how it intersects with MOREKaren McGowan - Mar 5, 2012 9:12 AM ET
President Obama seems to have a penchant for economists with a fun side. Not a bad call considering that since he took office, the state of the American economy could make a clown cry.
In 2010, he nominated Austan Goolsbee, Professor of Economics at the University of Chicago and noted funnyman, as chairman of the Council of Economic Advisers. But shortly thereafter, Goolsbee decided to step down and return to his MOREKaren McGowan - Feb 27, 2012 4:53 PM ET
As 2012 began, the United States was at a major crossroads. The economy was growing and the job market was improving. By more than a few measures, it appeared the recovery was finally gaining momentum.
Meanwhile, numerous threats still loom. Battered home values, global tensions and rising oil prices have kept consumers and businesses on the sidelines.
We've seen this all before. In the two-and-a-half years since the official end of the MOREKaren McGowan - Feb 27, 2012 10:49 AM ET
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.05%||4.05%|
|15 yr fixed||3.15%||3.18%|
|30 yr refi||4.04%||4.03%|
|15 yr refi||3.14%||3.16%|
Today's featured rates:
|Much faster Wi-Fi coming soon|
|J.D. Power ranks GM tops in quality for first time|
|Dow sinks 200 points after Fed hints at stimulus easing|
|Fed sets road map for end of stimulus|
|Chinese billionaire buys 007's yacht maker|
|Latest Report||Next Update|
|Home prices||Aug 28|
|Consumer confidence||Aug 28|
|Manufacturing (ISM)||Sept 4|
|Inflation (CPI)||Sept 14|
|Retail sales||Sept 14|